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NFEC Leads Push to Promote Subjects behind FLEC

Sunday, July 10, 2016   (0 Comments)
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Finance.yahoo.com 07/08/16

 

In partnership with collaborating organizations, the National Financial Educators Council (NFEC) stands at the forefront of a recent campaign to promote the educational goals behind the acronym FLEC: Financial Literacy, Entrepreneurship, and Career Education. FLEC represents practical learning focused on areas that will directly affect our children's financial health and well-being.

Public education currently teaches a standard curriculum that leaves students underprepared to meet the challenges of adulthood. In today's economy, it is crucial that our youth learn how to earn income and manage money. Yet schools rarely – if ever – teach these subjects. Most high school graduates leave school without key personal finance knowledge, creating potential problems that could lead to financial instability in the long-run.

The solution is simple: FLEC subjects are directly related to our youths' earning potential and money management capabilities. Financial Literacy education gives young people the skills and behavioral foundation to make informed, qualified personal finance decisions. Entrepreneurship and Career Education instill the knowledge base youth need to maximize their earning potential, generating income to meet the needs of daily life while also pursuing long-term goals. 

The National Financial Educators Council formed the FLEC Alliance to address the public need and offer the financial education students want. The FLEC Alliance provides resources for individuals and organizations that teach financial literacy, entrepreneurship, and career education around the country. At the same time, this alliance works to raise awareness about the vital role FLEC subjects have on the financial health of U.S. people and communities.

Now the FLEC Alliance is calling upon educators, policymakers, and concerned citizens to make FLEC education a national priority for all students, from the elementary through the high school levels; encourage teachers to use the complimentary resources available to deliver FLEC curriculum; and rally around this important social cause to prepare future generations for life's financial challenges. The National Financial Educators Council welcomes all those currently working in the financial literacy, entrepreneurship, and career education spaces to join the FLEC Alliance.

As Vince Shorb, the NFEC's CEO, commented, "We are failing our youth as a nation; yet humanity's future depends on their success. Teaching financial literacy, entrepreneurship, and career education to future generations will give them the knowledge and skills they need to achieve financial wellness and security. We sincerely thank our FLEC Alliance partners for sharing our vision and making a commitment to our nation's young people."

The NFEC, DreamCatcher Wealth Management, and The Minerva Foundation recently conducted a study that demonstrated the value students place on receiving financial education. This research polled young adults aged 18-24 with the following question: "What high school-level course would benefit your life the most?" Approximately 1,101 young adults from across the U.S responded. Among these respondents, the majority (51.4%) chose "money management" as the high school-level course they felt would have most benefit to their personal lives.

The FLEC Alliance promotes a robust policy agenda, offers materials to organizations at no cost, and raises awareness about the value of educational programming that will directly affect the future financial health of U.S. youth.  

The National Financial Educators Council is committed to providing people the resources so they can make qualified financial decisions that improve their lives. The NFEC provides financial education resources, promote advocacy campaigns, and help organizations build sustainable financial education programs.


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